Brief Introduction about Developing and Buying a Property

Posted by PARTIK on December 23rd, 2015

If you are thinking of developing a property, then it is a good idea because in nowadays everyone needs the property for some or other reason. The property then can be put on rent or on sale by which you get a lot of benefits. Property development Kenya offers services and opportunity to buyers and sellers about different properties and their market value. For developing a property, location and money is required and for this, you need to research about market value, planning where to develop the property, etc. If you are new in property development, then you have to be careful in developing building because development requires experience.

Steps in developing property

There are mainly six steps which are location, location analysis, planning, finance, construction and property sale. For property development, location is important thus you need to find a right site where everything is easily available. You can search online, in a newspaper or can visit locations. If you have your own land already then there is no requirement of finding a location. You can set value according to your will. Then comes analysis and feasibility where you have to see whether the location is profitable or not. You can hire real estate agents who can tell you the cost of real estate market which require in construction and selling of a project. Next comes planning in which you have to decide how much labors required, materials and other related things for developing the site. Finance is an important step because due to this project start. Two ways by which you can get finance first find a lender who can provides finance to your property below market value. Second is by gross development lending through which after completion of construction provide end sale value for your property in the form of finance. Financing depends on whether you are taking for the residential or commercial purpose. After getting the finance and approval from the government, you can start construction. Construction requires labor, materials, architects, estimate plan, etc. Lastly selling of property, you need agents which can sell your property easily and in the best deal. They sell either by marketing or investing the property. These are some of the steps which help in the development of the property.

About parkland properties

Property to buy parklands is a government approved properties and offers a luxurious lifestyle to people. Parkland is known for its popularity and high-quality services. People prefer their houses and offices in parklands because of low values. The properties here are well-furnished means you get painted the house with furniture, carpet, maintained kitchen, electrical wiring, etc. thus you just have to live here. The houses or offices are close to parking areas, public transport, cinema halls, shopping malls, etc. thus it saves your money, time, and energy. It is a secured area means you have to enter in building by swapping your identity card in this way no thief or another person can enter the building.

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